The stock surged as much as 81 percent, the most since at
least August 1990, when Bloomberg started compiling the data. It
was 80 percent higher at 24 rand by 9:37 a.m. in Johannesburg.
About 153,000 shares changed hands, or more than nine times the
daily average over the last 90 days. Evraz Plc will sell its
stake for $320 million to Nemascore (Pty) Ltd., a black-owned
South African company, it said in a statement yesterday.

The country requires companies to have ownership of local
assets by black investors to redistribute wealth to those
disadvantaged under apartheid.

Evraz Highveld has gained 90 percent since its record-low
close of 12.61 rand on Jan. 22. The FTSE/JSE Africa All-Share
Index declined 0.3 percent over the same period.